Forex

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Has the GBP/USD found a base now?

I went long today in GBP/USD and found a really good trade.  When the market has finally found a potential bottom (note the corrections above 1.9330) risk is offset to trade long when there is a pattern such as the monthly and weekly double bottom that has formed.

This could be the turnaround many traders have been waiting for now the January blues have worn off.

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This entry was written by Sam Beatson and posted on February 11, 2008 at 7:00 pm and filed under Forex Trading. Bookmark the permalink. Follow any comments here with the RSS feed for this post. Post a comment or leave a trackback: Trackback URL.

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